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Strategies & Market Trends : The Thread
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To: kathyh who wrote (8227)7/28/2000 10:28:09 AM
From: charlie mcgeehan  Read Replies (3) of 49816
 
hi kathy

all times are EST
please note that these reversal times are intraday in nature but they are often reliable entry points for day trades.

the first is 950-1010 - very accurate. a stock will often stall or reverse direction during this time. also the whole market often follows this pattern. i assume that you know that gap downs are generally buying ops and the reverse is true for gap ups. gaps often reverse direction during this time although they won't if the trend of the gap is very strong.

second is 1025-1035. this is also usually a reliable reversal or stall time.

third is 1115-1130 prevailing trends often stall during this time period and the movement will often remain stalled during the mid day doldrums until 215. note you often hear ian going running during this time as usually not much happens and traders and market makers etc are out to lunch and assistants are running things.
next is the 215-230 time which is like another open. often the market will reverse during this time.
3 pm brings the close of the bond markets and things often accelerate here.

330 often brings the last reversal of the day. this is often one of the best times of the day to trade as it is an active time and much of the professional buying that has to get done gets done here. no more head fakes etc. i know of traders that only trade the last hour.

i know this is a lot of info and is only to be used as a general rule, however if you watch the markets movements carefully over the next week of so you may be amazed at how accurate these reversal times are especially the 950-1010,1025-2035 and 215 and on.

good luck with it and i'll be happy to answer any other questions if i can help.

charlie
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